How to Buy Health Insurance
A short term health insurance plan is flexible healthcare policy. In this post, we will show you how to buy health insurance and teach you about short term plans so you will know the things that they can offer. We hope that the details we can provide here will help you make an informed decision.
Short Term Plan Explanation
A short term health insurance plan can handle your most common medical expenses. These are medical expenses that can increase your hospital bill if you do not have any coverage.
This type of healthcare plan takes care of your preventive care expenses, hospital visits, prescription medicines, and the like. You will also be covered with dental services, emergency care, and other essential expenses.
However, what you get from this plan is streamlined coverage. It means that the coverage is limited. Although it covers several medical expenses, it is not obligated to provide coverage for those essential expenses highlighted under the Affordable Care Act (ACA) plans.
Nevertheless, it gives you the right amount of coverage.
Short term plans have a long list of coverage, even though they do not cover for a particular healthcare expense. The coverage it can offer is detailed in the plan. As you study it, you will notice that it has no standardized coverage.
The reason for this is that short term plans are designed to give you temporary coverage. They cannot protect you for longer than 364 days. But after the term is over, you can renew it. However, the renewal of coverage is only allowed in some states.
Federal state regulations will let you renew your short term policy for up to 36 months. The maximum is 364 days at a time.
Reaching the limit will require you to stop renewing that plan from the said provider. You cannot sign up for that plan from the same provider for a certain period.
Short term plans’ length can vary. You can have a policy that can last up to 30 days. If you examine the lineups of different insurance providers selling the plans, you can find various policies with different lengths.
The average price for a short term plan is $150 a month. The rate can vary from one state to another and from provider to provider. Each carrier can set its rates. However, compared to major health insurance, you will pay a fraction of the price for this temporary healthcare plan.
So, is it worth it to purchase a short term plan? You might think that it is not worth it considering the tax penalty involved if you do not have an ACA plan. The good news is that the tax penalty will no longer apply to start January 1, 2020.
You can pick any healthcare plan you want to buy without the need to purchase an ACA policy. It means that you can save some serious money by signing up for a cheaper short term insurance plan.
Purchasing Short Term Coverage
Signing up for a short term plan is easy. Unlike the regulated major medical plans, there are few restrictions related to short term plan sign up.
For one, there is no open enrollment period that you need to remember. It means that you can register at any time you want, thereby, giving you flexibility and freedom. That’s why you can use it while waiting for your major healthcare plan to kick it.
However, there is one vital restriction that you must know about the short term plan. That is, it does not cover your preexisting medical condition. In that case, whatever health condition you have, you cannot use this plan to cover for you. Although you can still sign up, you cannot expect the plan to cover you for that condition.
The reason for this is that short term plans are not mandated to cover preexisting conditions. It is one of the huge differences between short term and the major medical plans.
To buy this type of health insurance, you need to go to a private insurer that offers such a plan. There are plenty of carriers that offer short term plans with a huge lineup. They decide the rates they want to charge for their plans and the plans they wish to provide to their clients.
Even though these carriers follow the state and federal regulations, they have the freedom to offer the plans they want to provide.
We cannot list all carriers here because there are a lot of them in the marketplace. Unfortunately, not all of them offer real value to you. For that reason, we will only list a few carriers that we think are worth considering. They are among the best carriers because of their plan’s diversity, excellent customer service, and discounted rates.
One of the carriers we recommend is the National General Accident and Health. It offers diverse short term plans at affordable rates. The health plans come with Life Association program membership. In here, you can access personalized living services, like exercise programs and diet plans.
Obtain Quotes for National General
Short Term Health Insurance
We also recommend Pivot health insurance. It offers a wide array of affordable plans. Their policies are way more affordable than Obamacare (ACA) plans. They are wide enough to protect anyone’s healthcare needs.
Review Rates for Pivot
Short Term Health Insurance
Lastly, we recommend you take a look at United Healthcare health insurance short term health insurance. This company partners with AARP to offer you huge benefits. It has an extensive network of healthcare providers. With that in mind, it allows the company to give you discounts on prescription and OTC medicines.
Compare UHC Short Term
Health Insurance Plans
These three are just some of the top options for short term health insurance providers. Take a look at their reviews and compare their rates using our site. Once you start comparing them, you can tell which one of these carriers offer the right plan for you. If you have further questions, please get in touch with and we will be more than eager to assist you.
Reason to Use Short Term Coverage
Short term plans are not a permanent healthcare solution. There are some cases where they can be the best solution for you.
Health insurance can be quite costly. We have been in this industry for a long time. Hence, we know how frustrating it is to find out how much one has to pay for coverage.
But with a short term plan, you can have a more affordable alternative to some major medical plans. It offers similar coverage but you do not need to pay a lot for your health insurance.
Because Trump administration has lifted the tax penalty, we believe that more and more people will obtain a short term plan, instead of choosing an Affordable Care Act policy.
Absence of Employer Coverage
Not all employers offer healthcare benefits to their employees. It is especially true to smaller-sized businesses.
Hence, if your employer does not offer it, you may consider getting a short term plan to handle your medical care needs temporarily.
This type of health insurance may also be an ideal option if you are between employers. It is also a viable alternative if you are not qualified yet to receive government benefits from COBRA. You can use the short term plan to give you coverage until you get employment or have permanent coverage from your employer.
Moving to a New State
It is one of the challenges when you move to a new state. You cannot use your current coverage during the move. But you can obtain a short term plan to handle your healthcare needs for a short period.
Missed the Deadlines for Major Medical Plans
As mentioned earlier, there are open enrollment periods that you must meet when you sign up for a major medical plan. If you missed those periods, you will have to wait for another open enrollment. While waiting for that schedule, consider having a short term plan to fill the gap.
Most major healthcare plans will cover you for medical expenses that you do not need coverage. If you wish to stop paying for medical expenses that are not relevant to your needs, then you can switch out of your current policy and opt for a more limited short term health insurance plan temporarily.
After knowing how to buy health insurance, you might want to buy short term insurance because of its benefits. Be sure to use our site to make an informed decision. One of these plans could help you save hundreds or thousands of dollars next year on your medical care.